Centene Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2011

Fair Value Measurements By Level For Assets Measured At Fair Value On A Recurring Basis

The following table summarizes fair value measurements by level at September 30, 2011, for assets measured at fair value on a recurring basis:


	Level I		Level II		Level III		Total
Assets
Cash and cash equivalents	$	451,657	$	—	$	—	$	451,657

Investments available for sale:
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	17,019	$	5,325	$	—	$	22,344
Corporate securities		—		192,448		—		192,448
Municipal securities:
General obligation		—		120,654		—		120,654
Pre-refunded		—		33,295		—		33,295
Revenue		—		117,427		—		117,427
Variable rate demand notes		—		108,723		—		108,723
Asset backed securities		—		19,206		—		19,206

Total investments	$	17,019	$	597,078	$	—	$	614,097

Restricted deposits available for sale:
Cash and cash equivalents	$	13,488	$	—	$	—	$	13,488
Certificates of deposit		5,890		—		—		5,890
U.S. Treasury securities and obligations of U.S. government corporations and agencies		7,390		—		—		7,390

Total restricted deposits	$	26,768	$	—	$	—	$	26,768

Interest rate swap contract	$	—	$	10,489	$	—	$	10,489

Total assets at fair value	$	495,444	$	607,567	$	—	$	1,103,011

The following table summarizes fair value measurements by level at December 31, 2010, for assets and liabilities measured at fair value on a recurring basis:


	Level I		Level II		Level III		Total
Assets
Cash and cash equivalents	$	433,914	$	—	$	—	$	433,914

Investments available for sale:
U.S. Treasury securities and obligations of U.S. government corporations and agencies	$	14,809	$	7,096	$	—	$	21,905
Corporate securities		—		200,115		—		200,115
Municipal securities:
General obligation		—		113,461		—		113,461
Pre-refunded		—		33,198		—		33,198
Revenue		—		102,964		—		102,964
Variable rate demand notes		—		106,540		—		106,540
Asset backed securities		—		17,591		—		17,591

Total investments	$	14,809	$	580,965	$	—	$	595,774

Restricted deposits available for sale:
Cash and cash equivalents	$	8,814	$	—	$	—	$	8,814
Certificates of deposit		6,814		—		—		6,814
U.S. Treasury securities and obligations of U.S. government corporations and agencies		7,130		—		—		7,130

Total restricted deposits	$	22,758	$	—	$	—	$	22,758

Total assets at fair value	$	471,481	$	580,965	$	—	$	1,052,446